Enter Air (Germany) Market Value
| 10N Stock | 11.66 3.24 21.74% |
| Symbol | Enter |
Enter Air 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Enter Air's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Enter Air.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Enter Air on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Enter Air SA or generate 0.0% return on investment in Enter Air over 720 days. Enter Air is related to or competes with CPU SOFTWAREHOUSE, Evolution Mining, Hanover Insurance, Alfa Financial, INTERSHOP Communications, and Zijin Mining. More
Enter Air Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Enter Air's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Enter Air SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.17 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.79 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 3.13 |
Enter Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enter Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enter Air's standard deviation. In reality, there are many statistical measures that can use Enter Air historical prices to predict the future Enter Air's volatility.| Risk Adjusted Performance | 0.0189 | |||
| Jensen Alpha | 0.0343 | |||
| Total Risk Alpha | (0.71) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3073 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enter Air's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Enter Air SA Backtested Returns
Enter Air appears to be somewhat reliable, given 3 months investment horizon. Enter Air SA secures Sharpe Ratio (or Efficiency) of 0.0854, which denotes the company had a 0.0854% return per unit of risk over the last 3 months. By reviewing Enter Air's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please utilize Enter Air's Mean Deviation of 1.84, coefficient of variation of 7355.62, and Downside Deviation of 4.17 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Enter Air holds a performance score of 6. The firm shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, Enter Air's returns are expected to increase less than the market. However, during the bear market, the loss of holding Enter Air is expected to be smaller as well. Please check Enter Air's maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to make a quick decision on whether Enter Air's price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Enter Air SA has modest predictability. Overlapping area represents the amount of predictability between Enter Air time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Enter Air SA price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Enter Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 3.86 |
Enter Air SA lagged returns against current returns
Autocorrelation, which is Enter Air stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Enter Air's stock expected returns. We can calculate the autocorrelation of Enter Air returns to help us make a trade decision. For example, suppose you find that Enter Air has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Enter Air regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Enter Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enter Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enter Air stock over time.
Current vs Lagged Prices |
| Timeline |
Enter Air Lagged Returns
When evaluating Enter Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enter Air stock have on its future price. Enter Air autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Enter Air autocorrelation shows the relationship between Enter Air stock current value and its past values and can show if there is a momentum factor associated with investing in Enter Air SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Enter Stock Analysis
When running Enter Air's price analysis, check to measure Enter Air's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enter Air is operating at the current time. Most of Enter Air's value examination focuses on studying past and present price action to predict the probability of Enter Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enter Air's price. Additionally, you may evaluate how the addition of Enter Air to your portfolios can decrease your overall portfolio volatility.